Saudi Shares Gain, Led by Sabic, Saudi Telecom; Kuwait Drops: Gulf Stocks

(Bloomberg) -- Shares in Saudi Arabia advanced for a
third day, paced by Saudi Basic Industries Corp., known as Sabic,
and Saudi Telecom Co.

The Tadawul All Share Index rose 1.1 percent to 7530.82 at
1:58 p.m. in Riyadh, bringing the three-day gain to 4.1 percent.


Read more at Bloomberg Stocks News

Tanzania inflation picks up to 5.9 pct y/y in June

(Reuters) - Tanzania's annual inflation rate rose to 5.9 percent in June from 5.0 percent in May, the National Bureau of Statistics said on Saturday.

Prices for green label tea, kerosene, charcoal, diesel and petrol were among those that rose, while prices of rice, maize grain, wheat flour, cassava, meat and milk were among those that eased, the statistics bureau said.


Read more at Reuters Africa